Telia Company today completed the divestment of its 47.1 percent stake in Turkcell Holding, which owned 51 percent in the listed company Turkcell Iletism Hizmetleri, to the state owned Turkey Wealth Fund.

The transaction, announced on June 17, 2020, completed today after fulfilling all regulatory and other conditions.

The divestment concludes Telia Company's exit from Turkey and includes a full and global settlement of all shareholder disputes and litigations connected to Turkcell and Turkcell Holding.

Telia Company today enters into a strategic partnership which brings together two of the region's wireless pioneers in order to provide superior network experiences based on 5G to Telia's 7 million subscribers in Sweden and Estonia. The five-year agreement with Ericsson empowers Telia to drive sustainable digital society development by offering subscribers and enterprise customers state-of-the-art mobile connectivity.

Effective January 1, 2021, Per Carleö will take on the position of Senior Vice President and Head of Brand at Telia Company. Per Carleö brings 25 years of experience of marketing and brand development, most recently as Marketing Director of Volvo Car Sweden.